$2,019 Closing Credit*
$170,000
1,612 SqFt
5 Beds
•1 Full Bath, 1 Partial
HERNAN OSIRIS DELGADO GUZMAN, Listing Office: Iron Valley Real Estate of Berks
Is Reading Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Reading Township has remained a Seller's Market.
Key Takeaway
Reading Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reading Township, PA
How much do homes in Reading Township, PA cost?
Median Sold Price
$249,962
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,597(+8.5%)
Key Takeaway
Homes in Reading Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Reading Township was $249,962 in November 2024, up 8.5% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $146K | +7.4% |
| 2 Bedrooms | $196.2K | $200.5K | +2.2% |
| 3 Bedrooms | $235K | $250K | +6.4% |
| 4 Bedrooms | $300.2K | $325K | +8.2% |
| 5+ Bedrooms | $173K | $200K | +15.6% |
Summary: Reading Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
| East Berlin | $289K | $319K | +10.4% |
| Reading Township | $230.3K | $249.9K | +8.5% |
| Washington Township | $218.9K | $235.5K | +7.6% |
Housing Supply in Reading Township, PA
How many homes are available in Reading Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 596 | 534 | -10.4% |
Summary: The Reading Township real estate market had 534 homes for sale in November 2024, a 10.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 52 | 54 | +3.8% |
| 3 Bedrooms | 256 | 233 | -9.0% |
| 4 Bedrooms | 192 | 164 | -14.6% |
| 5+ Bedrooms | 91 | 79 | -13.2% |
Summary: The Reading Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes decreased by 13.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 188 | 175 | -6.9% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
91 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reading Township, you could pay more than the asking price. 52% of homes here sold above asking price last month.
Summary: A total of 175 homes were sold or pending in Reading Township in November 2024, down by 6.9% month-over-month. Of the 175 sold homes, 30% were sold under asking, 18% were sold at asking, and 52% were sold over asking.
Days on Market for Reading Township, PA
How long does it take to sell a home in Reading Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 20 Days | +32.9% |
Summary: Homes in Reading Township had an average of 20 days on market in Nov 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
139 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Reading Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 175 homes were sold in Reading Township; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
